SYNETIQ, an IAA company, and one of the UK’s largest integrated salvage, dismantling and vehicle recycling companies, announces the publication of its first sustainability report, which highlights its progress against the company’s carbon reduction strategy and demonstrates how SYNETIQ creates value for its stakeholders and customers.
The business is pleased to report a 5.6% reduction in its own greenhouse gas (GHG) emissions between 2020-21 and 2021-22. Future reports will account for integration with IAA in the UK as the businesses operate as a single entity, and the report includes its new baseline emissions data for both the legacy businesses.
“I’m pleased to present SYNETIQ’s first sustainability report, which explains how our business enables us to create value for our clients and other stakeholders whilst contributing to a more sustainable society,” said SYNETIQ Sustainability Manager Elisa Caton. “We want to make a verifiable contribution to the sustainable development of our industry and community. To this end, we are proud to make our actions transparent and traceable through comprehensive reporting, and as such our first report also provides an overview of how we intend to meet our targets in the short, medium- and long-term.”
Steady progress towards sustainability goals
The new report shows that the measures taken in recent years are having an impact. In addition, the business helped its clients reduce or avoid GHG emissions, saving them 4.34 million KG of CO2e through its supply of green parts in 2022.
The business achieved Silver Carbon Literacy status in 2021 and is well on its way to becoming Gold accredited, for which 50% of its workforce must have passed SYNETIQ’s own climate and sustainability training.
Download the full pdf report here.
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